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Tds on immovable property

This query is : Resolved 
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(Querist)
14 June 2013 Assessee entered into agreement for purchase of property, payment being construction linked. dat of agreement 15 may, 2012

this tds provision came into effect from 1st june, 2013..

so from now on whatever amt is being paid will be subject to tax deduction?
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
14 June 2013 if the amt involved is more than 50 lakhs tds provisions apply..
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CA Kapil Verma

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CA Kapil Verma (Expert)
14 June 2013 if you are going to pay more than 50 Lac after 1st june 2013, then need to deduct TDS.
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rohit

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rohit (Querist)
05 December 2013 Thank you all
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